Capital One sues California AG Jerry Brown, became national bank to avoid Cal investigation
A reader sent me the link to the complaint, thank you!
Capital One Tries To Fend Off California
SAN FRANCISCO (CN) - Capital One Bank claims Attorney General Gerry Brown has no right to inspect its records to determine whether the bank’s credit card practices are illegal, because it is a national bank, and only the Comptroller of the Currency may look at its records.
Unfortunately it’s a scan, so I can’t copy. Apparently in 2006 AG Brown investigated complaints about balance transfers, reaffirmation of existing debts, closing accounts “and some”
What does Capital One do?
It quickly becomes a NATIONAL bank.
I’ve posted extensively about the states’ loss of rights to protect its residents from predatory bankers.
In 2003, California revoked the Wells Fargo license due to violations of California lending laws and the Feds ruled that national banks don’t need no stinking state licenses.
I can’t even believe that Capital One would have the guts. But, they are so incredibly sure that they have the support of Congress and ALL presidential candidates. And unfortunately, they are right. They’ve got the power, all the politicians are bought and paid for.
So, what can YOU do about this?
You may be one of the many millions who should stop paying their credit cards.
I will be posting a lot more info on this, how to determine whether you are judgment-proof, how to stop paying and how to deal with their collection calls. There’s a LOT to know when it comes to quit paying credit cards and I’ve been working on my response to the TU objection to my motion for leave to amend my complaint. Will be posting that tonight or tomorrow.
I woke up early this morning, too tired to get up, but couldn’t go back to sleep because I was thinking about the motion I was working on before I went to bed, vile judges like judge Wake, etc. So I finished reading Jesse Ventura’s book. If “they” wouldn’t kill him if he won, I’d be all for his run as an independant. He doesn’t know much about banking and money, but I’m certain that he’d be outraged if he did know. He’s a bright guy and refreshingly honest and most important, not corrupt.
I’ll be writing an open letter to AG Brown about Capital One. And another one about FDRS if they are still in business, haven’t heard any ads recently.
Posted by Christine on 05/05/2008 at 12:04 PM
2004 Suit (credit limits, credit reporting - on appeal) • Capital One - ruthless banksters • (0) Comments • Permalink
